Several BAYC and CryptoPunks collectors who put up their tokens as collateral backing for Ethereum loans have been unable to settle their dues. Crypto analysts believe this could mark the onset of the first major liquidation crisis in the NFT industry. BendDAO Loans and Possible Risks Rumors of a liquidation spiral began earlier this week following a post about NFT lending platform BendDAO. BendDAO is a web3 protocol that allows users to take out loans in Ethereum using their non-fungible…
Tag: ChainColosseum
ChainColosseum Review – An Altruistic Approach to P2E Gaming
ChainColosseum is a play-to-earn game with a rare, if not unique, approach to blockchain-based gaming. Firstly, the game proposes a dual-token system that gives its players both earnings and governance powers. Secondly, it enables gamers to build their own boss characters that give creators rewards when winning battles. So far, the game has certain similarities with other GameFi applications. However, it has one standout characteristic - it is not a money-driven game. The team behind ChainColosseum does not get any…
8 months ago 
460
views